Time to eighty-six this sucker. OK, that’s too clever by half (whatever that means), but my point is that 4186 is the key Fibonacci level, and God bless it, it seems to actually MEAN something.
I didn’t flee in terror this morning, unlike some of my fallen (but perhaps wiser) bearish brethren did yesterday. In point of fact, I added to my Bank of America position by 50%.
If there is ANY person out there still short………..courage and strength, my friend. This is an extraordinarily hazardous time, but simultaneously opportunity-rich. That’s how these things go.
